Individuals, Institutions, and Markets offers a theory of how the institutional framework of a society emerges and how markets within institutions work. The book shows that both social institutions, defined as the rules of the game, and exchange processes can be analyzed along a common theoretical structure. Mantzavis' proposal is that a problem solving model of individual behavior inspired by the cognitive sciences provides such a unifying theoretical structure. Integrating the latest scholarship in ecomics, sociology, political science, law, and anthropology, Mantzavis offers a genuine political ecomy showing how social institutions affect ecomic outcomes.
C. Mantzavinos teaches Economics at the University of Freiburg and the University of Bayreuth.